ASX ends flat despite drag from Woolworths, Wesfarmers

By Vanessa Desloires
Updated September 26 2016 - 7:19pm, first published 4:47pm
Woolworths shares fell 2.1 per cent on reports German supermarket chain Lidl was applying for trademarks in Australia. Photo: Pat Scala
Woolworths shares fell 2.1 per cent on reports German supermarket chain Lidl was applying for trademarks in Australia. Photo: Pat Scala

The Australian sharemarket shook off its negative start but failed to post a gain, ending flat as the two big consumer staple stocks, Woolworths and Wesfarmers fell on the threat of new competition.

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